Answer:
The correct answer is letter "B": False.
Explanation:
A focus group is a technique used to obtain qualitative data for research. This data is obtained after gathering a small group between six and twelve people to expose their opinions, likes, and preferences in regards to a product, idea, service, advertisement or content. The participants have similar features and the chat focuses on a specific matter. There is no need for abbreviations since the participants' point of view is typically recorded for analysis and feedback.
A. added
B. deducted
C. added
D. added
E. added
F. added
G. added
H. added
I. added
J. added
K. deducted
Answer:
d. the consumer price index will decrease, but the GDP deflator will not decrease.
Explanation:
If the price of Spanish olives imported into the United States decreases, then the consumer price index will decrease, but the Gross Domestic Products (GDP) deflator will not decrease.
The GDP price deflator also known as the implicit price deflator, measures the changes in the level of prices for all of the final goods and services produced domestically in an economy in a year.
The GDP deflator can be calculated by using the formula;
GDP deflator = (Nominal GDP/Real GDP) × 100.
The broad field of Microeconomics would most likely study how all consumers respond to a hike in cigarette taxes.
<h3>What is Microeconomics?</h3>
Microeconomics is a branch of social science that focuses on the effects of incentives and choices, particularly how they affect how resources are used and distributed.
Microeconomics explains how and why different things have varying values, how people and firms conduct themselves and profit from efficient production and trading, and how people can work together and coordinate their efforts to the greatest extent possible. Typically, microeconomics offers a more thorough and in-depth understanding than macroeconomics.
Microeconomics is the study of how people make decisions in response to changes in incentives, pricing, resources, and/or production processes. People are frequently categorized into microeconomic subgroups as customers, sellers, and business owners.
These organizations use money and interest rates as a price mechanism to coordinate the supply and demand for resources.
To know more about Microeconomics, visit:
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Answer:
Option C It attempts to determine the retail price by using production costs as a base.
Explanation:
This approach helps in determining the retail price of the competitors that he is charging in the market. This gives a better insight to what the production costs are of the competitors.This information is very important for pricing decisions and for cost control strategy. This gives a better insight where we are and where we must be. So the option C is correct here.